August 2021|

The big myth of government deficits

Stephanie Kelton
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About the speaker

Stephanie Kelton
Stephanie Kelton
Economist, author
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Stephanie Kelton is a leading authority on "Modern Monetary Theory," a new approach to economics that seeks to liberate global policymakers.
Stephanie Kelton's Resource List
Stephanie Kelton | Public Affairs, 2020 | Book

The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy

An introduction to MMT aimed at a general audience. This book debunks six of the biggest myths that undermine prosperity. It focuses attention on the many real deficits in our economy and urges us to apply the MMT lens to solving many of our biggest challenges.
Stephanie Kelton | The New York Times, 2017 | Article

"How We Think About the Deficit is Mostly Wrong"

Deficits have gotten a bad rap. The truth is, every deficit is good for someone. The question is, for whom? And what are those deficits being used to accomplish?
Stephanie Kelton | The Intercept, 2020 | Article

"As Congress Pushes a $2 Trillion Stimulus Package, the 'How Will You Pay For It?' Question Is Tossed in the Trash"

COVID pulled back the curtain, revealing some important truths about what the government can afford and where it ‘found' trillions to support our economy during the pandemic.
L. Randall Wray | Palgrave Macmillan, 2015 | Book

Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems

An early primer on MMT that offers a thorough treatment of the core tenants of Modern Monetary Theory from one of its original scholars.
Stephanie Kelton | CNBC Video Explainer, 2019 | Watch

"Stephanie Kelton explains Modern Monetary Theory"

Stephanie Kelton | Milken Institute Review, 2021 | Article

Chapter Three from The Deficit Myth

A reprint from the New York Times best-selling book The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy.

Behind the Talk